Define saving function
Saving function: The relationship among saving and income is termed as saving function.
Several other market structures may pivot around goods which are heterogeneous, although the market structure which absolutely needs goods to be differentiated within the minds of consumers is. (i) perfect competition. (ii) pure competition. (iii) mon
What are the causes for diminishing returns to factor? Answer: 1) Over utilization of
A monopolist will shut down during the short run when its equilibrium price as: (w) equals short-run average cost. (x) exceeds marginal cost. (y) is less than average variable cost. (z) is less than average fixed cost. Q : Public Goods and Service Why does a Why does a good or service become a public good or service?
Why does a good or service become a public good or service?
When a $9.98 sale on regular $19.95 watch fobs increases a store's sales from 30 to 300 weekly, the price elasticity of the demand faced through the store is approximately: (w) 2.46. (x) 1.23. (y) 4.92. (z) 0.62. C
When the demand for Tantalizingly Tart Tangerine-ade of Tasty Toni is relatively price elastic, then Toni can boost her total revenue through: (w) raising her price. (x) keeping her price similar. (y) lowering her pri
At point a, in below figure the supply curve into this graph: (w) perfectly elastic. (x) relatively elastic. (y) unitarily elastic. (z) relatively inelastic. Q : Describing monopoly Illustrate the term Illustrate the term monopoly?
Illustrate the term monopoly?
Define aggregate supply: Aggregate supply is the money value of net or total supply of services and goods available for purchase by an economy throughout a given period.
Consider goods for that various people are willing and capable to pay much more than the costs of production therefore widespread shortages exist. International federal or agreements, state and local laws as well as regulations are probably key factor
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